Contract Review ensures that you know what you're
getting into before you agree to move
ahead with the relationship. Nobody wants to enter a money pit. It's not good
for the institution and it doesn't create a winning long-term relationship for
the vendor. Contract terms should ensure that performance and cause for termination
are clear-cut and unambiguous. Legal review should always be conducted prior to
contract execution. Contract terms are controls to protect the institution
as well as the vendor.